• +1 214 377 0498
  • info@petroholics.com
Menu
     

Shop

Auctions and Discretion in Oil and Natural Gas Licensing

$25.00

A CEPMLP Publication by KNUD SINDING

In stock

Description

ABSTRACT

In the field of licensing tracts for oil and natural gas exploration and production there is a wide gap between the way academic experts believe is advisable and what governments choose to do. Many academic experts seem to favour an auction mechanism for allocating tracts. In contrast, most countries can be observed to follow policies embodying a very significant element of discretion in allocation of tracts. This paper examines the two approaches and the arguments used to support them. While empirical evidence to support the auction approach is significantly favourable given the circumstances under which the auctions were used, no similar empirical evidence exists for discretionary approaches.

Reviews

There are no reviews yet.

Be the first to review “Auctions and Discretion in Oil and Natural Gas Licensing”

Get A Free Consultation Service

Call Us Now +1 281 616 6077